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Why should an NRI open NRO non-PINS account?

An NRO non-PINS account should be opened if,

NRI want to use income from India to invest in Indian equity market
NRI who wish to trade in F&O, a CP code is required
Investment held through non-repatriable NRO account
Less regulatory intervention as transactions are not reported to RBI
No maximum investment limit on NRO no-PIS account
Apply for IPOs permitted on both NRE or NRO no-PIS account
Invest in mutual funds (Not allowed to Canada and USA based NRIs)

Answered on 2023-10-05

Zerodha Trade@20

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